The Sun Peaks Mountain Resort Municipality (SPMRM) is committed to transparent financial operations. The SPMRM develops a Five-Year Financial Plan through the annual municipal budget process, and produce annual reports.
Each year, local governments are required to submit a Statement of Financial Information to the Province and post it publicly. This is one of several important reporting tools that supports our mandate of accountability and transparency.
The Statement of Financial Information (SOFI) report includes our audited financial statements and information about:
remuneration paid to the Mayor and Council
remuneration paid to employees that exceed $75,000
amounts paid to suppliers of goods and/or services that exceed $25,000
grants paid by us to not-for-profit organizations for the reporting year
Each year council reviews the priorities and goals for the upcoming year and directs staff to prepare a comprehensive Five-Year Financial Plan, as required by the community charter. The Five-Year Financial Plan is the organization’s budget document reflecting ongoing efforts to provide quality of service in daily operations and local governance consistent with the priorities and strategies identified in the Annual Review and the OCP.
